EITC: A win-win for Business and Education

Unparalleled tax benefits of PA’s innovative Educational Improvement Tax Credit (EITC) program entice businesses to benefit The Silver Academy and The Brenner Family Early Learning Center.

Choosing an independent school education is a major financial decision for families. Thanks to the 30,000 Pennsylvania businesses who have stepped up to support students through EITC, low- and middle-income families are getting a need-based tuition assistance boost as they seek to ensure the best education for their children.

And here’s the best part. It can cost nothingfor a business to have a profound impact.

EITC gives businesses much more than the standard charitable deduction – though this is also a benefit to the program. In exchange for funding scholarships for students, businesses receive a 75% tax credit for a one-year commitment and a 90% tax credit for a two-year commitment! This means that your business can donate a dollar to The Silver Academy or The Jewish Federation’s Brenner Family ELC for as little as ten cents. And if you deduct the donation as a charitable gift on your federal tax return, it’s even fewer cents on the dollar. Beyond this, your business wins visible recognition and appreciation from our community.

Jewish Day Schools are integral to the health of our institutions locally and worldwide, drawing families who will live, work and raise their children, carrying synagogues and JCCs, and bolstering Federations and Community Funds.

The EITC program has proven to be a tremendously successful partnership. The business community has responded overwhelmingly to the challenge. With your business’s support, The Silver Academy can look forward to continuing to cultivate a generation of young leaders.

Please join the ranks of our current generous EITC donors listed below by visiting www.dced.pa.gov and searching “EITC”. There you can find out if you are eligible to participate.

Watch these videos for more information:

What is EITC?

How do I apply for EITC?

What to do with EITC dollars.

Helpful Forms When Making Your EITC Application

Please note that applications must be submitted to the Dep. Of Community and Economic Development (DCED) online on or after July 1st. If you are renewing your application, May 15th is the day the DCED begins accepting online submissions. Designate the Jewish Federation of Greater Harrisburg – SO (Scholarship Organization) as the recipient of your contribution.